Is it time to break out the champagne for Home Sellers ?
Today's Cleveland Plain Dealer reports that home sales for May 2009 are generally lower than for May 2008, with Cuyahoga, Lorain, and Lake Counties showing a 7 to 9 % drop for the year to year comparison. The State of Ohio is showing an 18% decline.
Geauga County is the exception, posting a 15% increase over May 2008. Jonathan Hall, President of the Ohio Association of Realtors stated: "With favorable pricing, attractive interest rates and sellers more realistic in their expectations, the market is poised for a rebound due to the ideal conditions that exist."
Reports for Portage County-Aurora and Summit County-Twinsburg are inconclusive due to the merger of the data services of the two multiple listing services. These figures do include the Chagrin Valley areas of Chagrin Falls, Solon, Bainbridge Township, Auburn, South Russell, and Chesterland.
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Jim & Joan Norbuta
Realtors
REMAX Traditions
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